USD has been pushing up even though most traders have been going short. Looks like it's rolling over now The Dollar Index certainly pushing down Powell implies rate cuts may not be as soon as people hope. But we already knew that. Just market breathing imho
USOIL gets rejected at the trend line and heading back to Fib support price of $79. 📉🐻 We should see a bounce at that level with a upside price target of $89. 📈🐻 If the support line breaks down then price heading towards $73 🧭🎯
The price reached the support level and struggled to make a new extension downward. Even though FX:EURUSD made a weak lower low, which suggested that bears are not ready to sell at current prices, the market formed double-long-tailed bars at the support level. We can see that it keeps rebounding above key level at 1.06000. The price is also forming a potential...
Charts remain bearish and I don't see a signal of a reversal anytime soon.
When halving, BTC Rocket touches the A zone. The date and Price Range have been measured by bars and volume. The first volume vertical arrow was measured then I applied the same length of measurements with other arrows. Used a blue double curve to measure the price distance with halving dates. I've added price labels to the tip of the rockets as they reach...
looking at the weekly of bank of America. looking at a Wyckoff top bac NYSE:BAC #bac
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern. The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend. ➖ The week is not over so this pattern is still in the making; not complete, needs confirmation. Once the week closes, if it does so...
Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a...
Have you ever seen a $50,000 Bitcoin? There has never been a Bitcoin at $50,000! I mean, there is no accumulation, consolidation or distribution phase around this level. Bitcoin has only dealt briefly with $50,000; this cannot be our main support. It can be our first stop but not the main one. Looking at this structure, the chart; it points toward a strong...
Chevron ( NYSE:CVX ), a prominent player in the energy sector, is embarking on a transformative journey with the launch of its $500 million Future Energy Fund III. This strategic move by the company's venture capital arm reflects a broader industry trend as oil majors pivot towards sustainable, low-carbon technologies in response to mounting pressure to address...
While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move. Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon. Polygon has been growing long-term, it is surely an amazing project. Cryptocurrency as a whole is something unique; a perfect...
Alaska Airlines ( NYSE:ALK ) faced a hiccup in its operations as flights were temporarily grounded due to an issue with the system responsible for calculating weight and balance. The incident, which affected both Alaska Airlines ( NYSE:ALK ) and its regional carrier Horizon Air, prompted swift action from the U.S. Federal Aviation Administration (FAA) and sparked...
Making HH HL on Weekly TF Good Support around 57 - 58 then 49 -50 Immediate Resistance 63.80 - 64 Crossing 71 - 72, may lead it to 80
I think at this point we can very clearly define the areas of bear risk and bullish breakout in BTC. I've seen various calls for pullbacks to the 50K area and then bullish continuation. While that does make a lot of sense in ways I find that hard to expect given BTC has never done that previously. In all instances where BTC has made a bullish breakout the...
However, Immediate Resistance around 24 - 25 If 15.50 is Sustained on Monthly Basis, we may witness further Upside Good Support Levels are around 20.60; 18.50 then 15.50
Hit Exactly the Double Bottom area at 88.60 Bullish Divergence on Weekly TF
The Wyckoff Distribution Schematic seems to line up pretty nicely for another short term drop as we enter phase e of the cycle. My expectation of the drop will bring us down to test the bull market support band, which is where I'd expect to see a bounce and a of consolidation before a continuation to the longer term trend to the upside.
Worldcoin ( MIL:WLD ), a global digital identity and cryptocurrency initiative, has announced the launch of its Layer-2 blockchain, World Chain. The tool is designed to improve the efficiency and scalability of the Worldcoin ecosystem, as it continues to expand and onboard new users. World Chain will be secured by the Ethereum network and will work closely with...